AT&T's board of directors has reportedly moved to slash CEO Randall Stephenson's 2011 compensation by more than $2 million due to the executive's role in the unsuccessful attempt to acquire competitor T-Mobile.

Microsoft may buy Barnes & Noble's Nook unit for $1 billionAccording to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More

Sears Didn't Move Fast Enough, CEO SaysSears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More

Bayer to pay $1.1B for California firm ConceptusGermany drug company Bayer AG says it intends to buy California-based Conceptus to expand its birth control offerings. Bayer said Monday it would launch a pupublicblic offer to pay $31.00 per share for all the stock in Conceptus, Inc. That means Bayer would pay $1.1 billion. More

Dish's $25.5 billion Sprint bid may force others to actDish Network Corp, the No. 2 U.S. satellite television provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecommunications or video companies to consider their own prospects of combining. More

Business News, Personal Finance and Money NewsFind the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News02/18/2018 - 10:59 pm | View Website

New York PostOutback Steakhouse has a bread problem, investor saysNew York PostIf Outback Steakhouse wants to turn around its business, it could start with some “warm, freshly baked bread.” That's according to activist investor James Mitarotonda of New York-based Barington Capital, who argued in a Wednesday letter to Outback's